It really makes the argument that CEOs and managers couldn’t be elected really weak. They’d probably be far more competent if they were chosen by workers once a year or so.
CEOs and managers are being elected, by the board. Which in turn, is being elected, by the owners. Which in turn… more often than not, can’t be bothered to actually think through the consequences; either they’re power tripping themselves, or anonymous “public” owners, or workers who can’t tell their taxes from their compensation plan.
It really makes the argument that CEOs and managers couldn’t be elected really weak. They’d probably be far more competent if they were chosen by workers once a year or so.
Recent anecdotal evidence shows that elections are not particularly effective at selecting against incompetence.
They’d be more competent if they were randomly selected
CEOs and managers are being elected, by the board. Which in turn, is being elected, by the owners. Which in turn… more often than not, can’t be bothered to actually think through the consequences; either they’re power tripping themselves, or anonymous “public” owners, or workers who can’t tell their taxes from their compensation plan.